Common use of Disaster Recovery Clause in Contracts

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 9 contracts

Samples: Sub Custodian Services Agreement (Harris Insight Funds Trust), Custodian Services Agreement (Astra Institutional Securities Trust), Custodian Services Agreement (Nicholas Applegate Series Trust)

AutoNDA by SimpleDocs

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 6 contracts

Samples: Sub Custodian Services Agreement (Rodney Square Strategic Equity Fund), Sub Custodian Services Agreement (Rodney Square Strategic Fixed Income Fund), Sub Custodian Services Agreement (Rodney Square Fund)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure failure, provided such loss or interruption is not covered caused by PNC BankPNC's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 6 contracts

Samples: Administration and Accounting Services Agreement (First Trust Senior Floating Rate Income Fund Ii), Transfer Agency Services Agreement (First Trust Senior Floating Rate Income Fund Ii), Transfer Agency Services Agreement (First Trust Global Credit Strategies Fund)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 5 contracts

Samples: Custodian Services Agreement (Salomon Brothers Variable Series Funds Inc), Custodian Services Agreement (American Skandia Master Trust), Custodian Services Agreement (Salomon Brothers Fund Inc /De/)

Disaster Recovery. PNC Bank shall enter into and shall maintain in ----------------- effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 3 contracts

Samples: Form of Agreement (Salomon Brothers High Income Fund Ii Inc), 8 Custodian Services Agreement (Lasalle Real Estate Securities Fund Inc), 8 Custodian Services Agreement (Lasalle Master Trust)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shallBank, at no additional expense to the FundPartnership, shall take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure beyond its control, provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 2 contracts

Samples: Custodian Services Agreement (Pw After Tax Equity Partners Lp), Custodian Services Agreement (Congress Street Associates Lp)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failuresfailure, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure failure, provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 2 contracts

Samples: Transfer Agency Services Agreement (Foreign Fund Inc), Transfer Agency Sales Agreement (Foreign Fund Inc)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect ----------------- with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Custodian Services Agreement (Conseco Strategic Income Fund)

Disaster Recovery. PNC Bank shall at its expense enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank interruptions but shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Custodian Services Agreement (Time Horizon Funds)

AutoNDA by SimpleDocs

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is availableequipment. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure failure, provided such loss or interruption is 7 8 not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Custodian Services Agreement (Weiss Treasury Fund)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Custodian Services Agreement (BFM Institutional Trust Inc)

Disaster Recovery. PNC Bank shall enter into and shall maintain in ----------------- effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is availableequipment. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Custodian Services Agreement (Weiss Treasury Fund)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not covered caused by PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement. 11.

Appears in 1 contract

Samples: Custodian Services Agreement (American Skandia Advisor Funds Inc)

Disaster Recovery. PNC Bank shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, PNC Bank shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PNC Bank shall have no liability with respect to the loss of data or service interruptions caused by equipment failure failure, provided such loss or interruption is does not covered by result from PNC Bank's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.

Appears in 1 contract

Samples: Custodian Services Agreement (Morgan Stanley Fund Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!